South Korean e-commerce giant Coupang submits IPO prospectus, eBay will divest its classified business in the UK

Spain and six other EU member states signed a joint statement

On the 1st, six EU member states, including Spain, signed a joint statement requesting the EU to unify the standards for restarting non-essential travel to restart the tourism industry, such as using proof of immunity to the new coronavirus as a travel pass. The six countries include Spain, Austria, Bulgaria, Greece, Malta and Slovakia.

South Korean e-commerce giant Coupang submits IPO prospectus

According to Korean media reports, the price range of the planned IPO of South Korean e-commerce giant Coupang is US$27-30 per share, and it is expected to issue 120 million shares. Based on the high end of the price range, the size of the IPO will reach US$3.6 billion, which will become the largest non-US company IPO listed on a US exchange since Alibaba.

eBay to divest UK classifieds business

Recently, eBay and Adevinta proposed a remedy for competition issues previously raised by the UK Competition and Markets Authority (CMA) to divest the company's main classified businesses in the UK, including Shpock, Gumtree and Motors.co.uk. The two companies plan to complete the transaction in the second quarter of 2021.

Amazon: Sellers selling products in Amazon Poland can enjoy sales commission promotion

Amazon announced that the Amazon Poland store is now officially online, and a promotion is being launched for Amazon.pl, which will reduce sales commissions for 12 months.

This offer varies by supported product category, for example, the referral fee for Home & Kitchen, Sports & Outdoors, Apparel & Shoes is 10% (previously 15%), and the referral fee for Computers and TVs/Hi-Fi is 5% (previously 7%).

Walmart plans to invest $350 billion in U.S. manufacturing over the next 10 years

Walmart announced a strengthened commitment to American jobs and communities, with the goal of investing $350 billion in American manufacturing over the next 10 years. This investment will create more than 750,000 new jobs in the United States. Walmart has identified six key investment categories, namely textiles, plastics, small appliances, food processing, pharmaceuticals and medical supplies, and goods not for resale. Walmart's CEO said that more than 85% of Walmart consumers believe that it is important for the company to sell products made or assembled in the United States. American manufacturing can bring jobs, which is important to American communities and Americans.

Walmart pledged in 2013 to invest $250 billion in products manufactured, produced or assembled in the United States. This investment will further expand the company's investment in American manufacturing.

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